Average Financial Managers Salary in Fayetteville-Springdale-Rogers, AR
Financial Managers in the Fayetteville-Springdale-Rogers, AR metropolitan area earn an average annual salary of $162,720. This figure is notably below the national average of $184,480, suggesting that local market dynamics and industry concentrations play a significant role in compensation within this region. While the nominal salary is lower, understanding the local economic landscape is crucial for evaluating its true value.
Executive Summary
- Average Salary: $162,720 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $244,080.
- Outlook: With a local workforce of 1,530 Financial Managers and a Location Quotient of 1.08, the Fayetteville-Springdale-Rogers area demonstrates a slightly higher concentration of these professionals compared to the national average. This indicates a stable, albeit not exceptionally booming, job market for financial management roles, suggesting consistent demand and opportunities for skilled individuals within the region.
Salary Overview
The average Financial Managers in Fayetteville-Springdale-Rogers, AR earns-11.8%below the national average.
$78.2
$3,129
$13,560
Financial Managers Salary Trends (2020-2024)
While specific historical data for the Fayetteville-Springdale-Rogers area isn't provided, it's reasonable to assume that salaries for Financial Managers have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing complexity in financial regulations, evolving business needs, and a persistent demand for strategic financial leadership across various industries.
Financial Managers Salary Distribution in Fayetteville-Springdale-Rogers, AR
Salary progression for Financial Managers is strongly tied to experience and demonstrated expertise. Entry-level positions typically command salaries at the lower end of the pay scale, while senior roles, requiring extensive experience in strategic planning, risk management, and financial analysis, can significantly exceed the average. The percentile gaps in salary distributions clearly signify the career trajectory and earning potential as professionals advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $66,980 | $32.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,040 | $58.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $138,490 | $66.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $203,400 | $97.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $244,080 | $117.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$162,720
Gross Pay
Real Wage (Purchasing Power)
$162,720
Adjusted for COL (100)
The average annual salary of $162,720 for Financial Managers in Fayetteville-Springdale-Rogers, AR, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of this salary is equivalent to the national average, offering a balanced financial landscape where earnings are neither significantly inflated nor depressed by local living expenses.
Job Market Context
1,530
Total Jobs
5.727
Per 1K Jobs
1.08
Location Quotient
With a location quotient of 1.08, Fayetteville-Springdale-Rogers, AR has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
The Location Quotient of 1.08 for Financial Managers in Fayetteville-Springdale-Rogers, AR, indicates a job market that is slightly more concentrated than the national average. This suggests a healthy presence of financial management roles relative to the overall workforce, implying a competitive but accessible market for professionals seeking opportunities in this field within the region.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Fort Smith, AR-OK Financial Managers Salary | $116,950↓ 28% | 51 mi |
| Joplin, MO-KS Financial Managers Salary | $132,240↓ 19% | 72 mi |
| Springfield, MO Financial Managers Salary | $136,430↓ 16% | 91 mi |
| Tulsa, OK Financial Managers Salary | $148,650↓ 9% | 97 mi |
Comparing salaries near Fayetteville-Springdale-Rogers, AR
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Fayetteville-Springdale-Rogers, AR?
The median annual salary for a Financial Managers in Fayetteville-Springdale-Rogers, AR is $162,720. This typically ranges from $66,980 for entry-level positions to $244,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fayetteville-Springdale-Rogers, AR is 11.8% lower than the national median of $184,480.
Is Fayetteville-Springdale-Rogers, AR a lucrative place for Financial Managerss?
Yes, with caveats.While the average salary of $162,720 is below the national average, the cost of living is also at the national average, making the purchasing power comparable. The slightly higher concentration of roles (LQ 1.08) suggests a stable market.
Is Fayetteville-Springdale-Rogers, AR a good place to live for Financial Managers?
The Cost of Living Index in Fayetteville-Springdale-Rogers, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fayetteville-Springdale-Rogers, AR?
Some top paying nearby cities include Fort Smith, AR-OK ($116,950) and Joplin, MO-KS.
How does the Fayetteville-Springdale-Rogers salary compare to the national average?
The average salary for Financial Managers in Fayetteville-Springdale-Rogers, AR is $162,720, which is lower than the national average of $184,480.
What is the Cost of Living in Fayetteville-Springdale-Rogers, AR?
The Cost of Living Index in Fayetteville-Springdale-Rogers, AR is 100, which is exactly the national average.
How concentrated are Financial Manager jobs in this area?
The Location Quotient is 1.08, indicating a slightly higher concentration of Financial Managers in this area compared to the national average.
What is the total number of Financial Managers in this region?
There are approximately 1,530 Financial Managers employed in the Fayetteville-Springdale-Rogers, AR metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,530 employees in the Fayetteville-Springdale-Rogers, AR area with a job density of 5.727 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Fayetteville-Springdale-Rogers, AR